Labstyle Innovations

LabStyle Innovations Launches Online Store for Dario Diabetes Management Solution

eShop is a platform for people with diabetes to directly purchase Dario & get support, knowledge and tools to manage their diabetes personally and thrive

 

Caesarea, Israel -- (SBWIRE) -- 05/08/2015 -- LabStyle Innovations Corp., developer of the Dario™ Diabetes Management Solution, today reported it has opened its first ecommerce store for the Dario Smart meter and Dario accessories. The eShop serves the Israeli market, where the Dario Management Solution was launched in July 2014 following approval from the Israeli Ministry of Health. The Dario has received wide commendations and endorsements from both the medical community and the population of patients in Israel. The shop serves as an excellent channel for LabStyle to sell to people with diabetes and engage with them directly.

The eShop offers a platform for people with diabetes to directly purchase the Dario and get the support, knowledge and tools to manage their diabetes personally using their mobile devices. Although LabStyle is seeking reimbursement status in Israel currently Dario is not covered through the health insurance system and therefore all patients are currently buying the Dario smart meter out of pocket.

As LabStyle's first eShop, this will serve as an ecommerce model for LabStyle Innovations, as it plans to open ecommerce sites to serve other geographic markets where diabetes is prevalent and there is a need for a complete diabetes management solution.

"As more and more emphasis is being placed on the need for improving patient compliance and self-management, it is important that people are able to find a comprehensive management solution so easily online to help them thrive while living with diabetes," said Erez Raphael, LabStyle's President and Chief Executive Officer. "The Dario smart meter delivers just what patients are looking for in an intuitive and easy to use tech-driven solution. We look forward to capturing what we believe is an immense opportunity for Dario in developing this online direct sales approach in the other targeted markets."

About LabStyle Innovations
LabStyle Innovations Corp. (DRIO) develops and commercializes patented technology providing consumers with laboratory-testing capabilities using smart mobile devices. LabStyle's flagship product is the Dario™ Diabetes Management Solution. Dario™ empowers people with diabetes to take charge of their health with the right tools, insights, and support in their pocket. With access to both real-time and historical blood glucose data, Dario™ is designed to spot patterns, recommend the right treatments and support behavior change efforts. Dario™ is a platform that combines an all-in-one, blood glucose meter, smart phone application (iOS & Android), website application and treatment tools to support more proactive and better informed decisions by patients, doctors and healthcare systems. The stylish and compact self-monitoring system combines a lancet to obtain a blood sample, a proprietary disposable test strip cartridge and a smartphone-driven glucose meter. LabStyle Innovations is led by an experienced management team with vast software, medical device and technology experience and guided by a world class board of directors and scientific advisory board. For more information: http://www.myDario.com and http://myDario.investorroom.com.